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Octafish

(55,745 posts)

31. Bonus Guy Deeb Salem may be one of the big brains behind the toxic swaps.

Mon Jun 23, 2014, 04:31 PM

Jun 2014

The pros from Wall Street would know better, but GoldmanSachs666.com reported in 2012:

"Banks and hedge funds will go to any lengths in order to make bigger and better returns. Now they are profiting again from the original crisis that they caused! Note that the article says that "Yields will be greater if forecasts for foreclosures, recoveries or refinancings among the underlying loans prove too pessimistic." In other words, more money will be made if recovery or refinancings are not carried out. (That maybe explains why foreclosed homes have not been properly refinanced through government policies.)"

SOURCE from an outstanding blog: http://www.goldmansachs666.com/2012/08/the-next-big-thing-for-goldman-sachs.html

Which does explain why Uncle Sam, at Tim Geithner's insistence, would only use a small fraction of the hundreds of billions allocated to help home owners.

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Highlight:

Ex-Goldman Trader Who Said $8 Million Bonus ''Too Low'' Involved in Fraudulent Activities [View all] Octafish Jun 2014 OP

Kick. redqueen Jun 2014 #1

Because there's no negative consequences. MannyGoldstein Jun 2014 #2

Goldman Rule Octafish Jun 2014 #13

They strut like rats in tails and top hats. JEB Jun 2014 #3

That outstanding phrase sums them up. Octafish Jun 2014 #10

It is a sad price we are all paying so a few can be enriched beyond dreams. JEB Jun 2014 #11

Thank you, JEB. I was not familiar with that site... Octafish Jun 2014 #12

What does it take to be incarcerated? Anything goes? Above the law? Owl Jun 2014 #4

If you are wealthy enough you can get away with anything in this country. Enthusiast Jun 2014 #5

The People vs. Goldman Sachs Octafish Jun 2014 #14

Kicked and recommended! Enthusiast Jun 2014 #6

S.E.C. Case Stands Out Because It Stands Alone Octafish Jun 2014 #15

If Democrats want to build an election headwind they should choose to prosecute such players. Enthusiast Jun 2014 #22

Guess the Top DEMs don't want that supermajority thing. Octafish Jun 2014 #24

He's such an upstanding guy so I will assume he paid full taxes too. mackerel Jun 2014 #7

And I am betting that the Cayman Islands are happy to "hold" Marie Marie Jun 2014 #8

K&R For crying out loud, no words...except fuck these bastards. n/t Jefferson23 Jun 2014 #9

Why nothing seems amiss to the Ref... Octafish Jun 2014 #16

Short changed? You're being kind. Jefferson23 Jun 2014 #17

Bonus Guy Deeb Salem may be one of the big brains behind the toxic swaps. Octafish Jun 2014 #31

It's so awful..this is just one reason why voters get so overwhelmed..and that only speaks Jefferson23 Jun 2014 #32

Wouldn't you be upset if you were shorted $5MM? taught_me_patience Jun 2014 #20

You forgot the sarcasm thingie. n/t Jefferson23 Jun 2014 #21

They're all liars and crooks. Lock 'em up and throw away the key. Initech Jun 2014 #18

Truly outstanding idea, Initech! The next ''Big Thing'' from Goldman Sachs! Octafish Jun 2014 #30

I'd be pretty pissed off too if I were shorted $5MM on a bonus taught_me_patience Jun 2014 #19

True. What most angers me is that he's getting a bonus for GS FRAUD. Octafish Jun 2014 #26

Kicked and recommended again. Enthusiast Jun 2014 #23

Deeb Salem was noticed in Texas, back in '07... Octafish Jun 2014 #28

Of course he cut corners. NCTraveler Jun 2014 #25

He had to explain to his mom. Octafish Jun 2014 #27

Ohhhh my. NCTraveler Jun 2014 #29

K&R woo me with science Jun 2014 #33

I hope this guy doesn't get jumped from the top of a tall bank. He's the Bankster Rosetta Stone. Octafish Jun 2014 #34